In many cases, the end of the year gives you time to step back and take stock of the last 12 months. This is when many of us take a hard look at what worked and what did not, complete performance reviews, and formulate plans for the coming year. For me, it is all of those things plus a time when I u...

After a six-month search, CA Technologies, one of the biggest American software companies, has hired Michael Gregoire, the former CEO of Taleo, the cloud-based talent management ISV that Oracle bought in April for $1.9 million, to replace its retiring CEO Bill McCracken next year.

McCracken, 70, will leave the board on January 7 and formally retire March 31.

Gregoire, 46, will start as CEO on January 7. He is credited with overseeing Taleo’s revenues boom from $78 million to $324 million. It went public in 2005.

Gregoire hails from PeopleSoft, also bought by Oracle, and did 12 years at EDS, which HP bought.

He will get a salary of a million dollars a year and could qualify for an annual cash bonus of 150% of his base salary, as well as a long-term incentive performance award of at least $5.5 million.

He’ll get a sign-on equity grant of $3 million in stock options and $2 million in restricted stock, which will vest over time.

CA is paying him an additional signing bonus of $500,000 to help cover his relocation to New York.

McCracken, who was CA’s chairman, replaced John Swainson when he was bounced in 2009. Swainson is now president of Dell Software.

McCracken’s got a consulting contract with CA that runs until next December.

About Maureen O'GaraMaureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

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